Exam (elaborations)
WSP Crash Course In Accounting.2023
- Course
- Institution
WSP Crash Course In Accounting.2023
[Show more]
Seller
Follow
ProfNerd
Content preview
WSP Crash Course In AccountingStudy online at https://quizlet.com/_52nrig
1. Working Capital: Current Assets - Current Liabilities
2. Current Assets: Can be converted to cash withing a year;
includes: cash, marketable securities, accounts receivable,
inventory, prepaid expenses
3. Current Liabilities: Due within a year; includes: accounts payable,
accrued expenses, deferred revenue, short-term debt, and current
portion of long-term debt
4. Current Ratio: Current Assets / Current Liabilities; a financial ratio
that mea- sures working capital designed to provide a measure of a
company's liquidity
5. One: Generally speaking, a current ratio greater than implies
a company is more liquid because it has liquid assets that can
presumably be converted into cash and will more than cover the
upcoming short-term liabilities
6. Quick Ratio: (Cash, Marketable Securities, and Accounts Receivable) /
Current Liabilities; a financial ratio that isolates only the most liquid
assets (cash and receivables) to gauge liquidity
7. Liquidity: The Balance Sheet organizes assets and liabilities in order
of
8. Operating Cycle: Inventory Days + Days Sales Outstanding; the time
it takes, from start to finish, to buy/produce inventory, sell it, and
collect cash for it
9.Net Operating (Cash Conversion) Cycle: Operating Cycle - Payables
Payment Period (PPP); an iteration of the Operating Cycle that takes
into account credit purchases
10.Receivables Turnover: Revenue During Period / Average Accounts
Receiv- able
11.Days Sales Outstanding (DSO): Days in Period / Receivables Turnover
12.Inventory Turnover: COGS / Average inventory
13.Inventory Days: Days in Period / Inventory Turnover
14.Accounts Payable Turnover: COGS / Average Accounts Payable
15.Payables Payment Period (PPP): Days in Period / Average Payable
1
, WSP Crash Course In Accounting
Study online at https://quizlet.com/_52nrig
Turnover
16.Form 10-K: At the end of each year, publicly-traded companies must
file a
report which includes a thorough overview of their
businesses and finances as well as their financial statements
17.Form 10-Q: At the end of the first three quarters of each fiscal
year, pub- licly-traded companies must file a with the SEC
which includes financial statements and non-financial data
2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ProfNerd. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.29. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80467 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now